£825,000
(£82.50/sq. ft)
Retail premises for salePrince Regent Street, Stockton-On-Tees TS18
10,000 sq. ft
Just added
About this property
A Large Fully Tenanted Investment For Sale
9.7% return On The Guide Price
Prominent Location On Prince Regent Street
Long Leasehold Of 999 Years Dated 2018
Exceptional Rental Demand
Resilient Tenant Mix
Parker Barras are delighted to offer this investment opportunity to the market - Regency West Mall (Ground Floor Only) Prince Regent Street, Stockton-on-Tees TS18 1EF.
This commercial investment offers 14 separate units all of which are currently fully let. It's highly popular when units do become vacant and they do not last long.
The mall which was built in the 1930's has entrances on both West Row and Prince Regent Street with a central open-air yard, which has now become the centre of the small shopping mall.
There is a mixture of tenants from evening leisure, beauty, retail shops etc.
A schedule of condition is available upon request and signing an nda.
Total Income - £85,029.30 Per Annum + VAT
Available For Sale at £825,000 + VAT
This property can be sold as a togc ( seek independent accountant / lawyers advice )
Please Note - This is a long leasehold property held on a 999 year lease dated in 2018 with a ground rent of £5,200 per annum bringing the net income to £79,829.30 + VAT Per Annum or a 9.7% Net Yield
For further information please contact our office.
This commercial investment offers 14 separate units all of which are currently fully let. It's highly popular when units do become vacant and they do not last long.
The mall which was built in the 1930's has entrances on both West Row and Prince Regent Street with a central open-air yard, which has now become the centre of the small shopping mall.
There is a mixture of tenants from evening leisure, beauty, retail shops etc.
A schedule of condition is available upon request and signing an nda.
Total Income - £85,029.30 Per Annum + VAT
Available For Sale at £825,000 + VAT
This property can be sold as a togc ( seek independent accountant / lawyers advice )
Please Note - This is a long leasehold property held on a 999 year lease dated in 2018 with a ground rent of £5,200 per annum bringing the net income to £79,829.30 + VAT Per Annum or a 9.7% Net Yield
For further information please contact our office.
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